Aviation

SHARJAH / WAM Air Arabia (PJSC), the region’s leading low-cost carrier (LCC), soared to new heights in 2023, earning a record-breaking net profit of AED1.5 billion, marking a significant 27% increase compared to the previous year’s AED 1.2 billion. The company in its financial results for the full year ending on December 31, 2023, stated that the airline’s turnover for ...

DUBAI / WAM flydubai announced record-breaking annual results for its financial year ending on December 31, 2023, with net profit reaching AED2.1 billion (US$572 million), an increase of 75 percent compared to 2022, marking the carrier’s strongest-ever performance. Meanwhile, the company’s total annual revenue settled at AED11.2 billion (US$3 billion) compared to AED9.1 billion (US$2.5 billion) in 2022; an increase ...

BLOOMBERG Joanna Geraghty, the next chief of JetBlue Airways Corp, spoke of having “the gift of grit” in a commencement address in 2020. She’s going to need it. JetBlue said it would appeal a federal judge’s decision to strike down its proposed acquisition of Spirit Airlines. The decision to appeal now sets up Geraghty, who officially takes over Jetblue in ...

BLOOMBERG Boeing Co won an order for 150 Max jets from India’s newest airline, in a rare spot of good news for the US planemaker since a piece of fuselage blew off an Alaska Airlines flight almost two weeks ago. Akasa Air, which began flying commercially less than two years ago, made a firm purchase for the 737 Max 10 ...

BLOOMBERG Ryanair Holdings Plc said aircraft deliveries may be at risk of delay ahead of the coming summer travel season as Boeing Co grapples with manufacturing issues after an accident on a 737 Max 9 earlier this month. Michael O’Leary, chief executive officer of the Irish discount carrier, said he’s stepping up inspections at Boeing, though he’s unsure how the ...

BLOOMBERG A federal judge blocked JetBlue Airways Corp’s $3.8 billion acquisition of Spirit Airlines Inc, saying the combination would stifle competition and raise fares for consumers. US District Judge William G Young sided with the federal government and said the merger would harm cost-conscious travellers by eliminating the nation’s dominant deep-fare discount airline and drive up prices across the industry. ...

BLOOMBERG Reaction Engines Ltd, a UK company behind a rocket engine designed for hypersonic flight that is backed by industry heavyweights such as Boeing Co, is examining ways to cut costs to delay asking shareholders for more funds. The company, which has raised more than £150 million ($191 million) from investors, will run out of cash by the end of ...

BLOOMBERG Boeing Co Chief Executive Officer Dave Calhoun fought back tears as he said the planemaker must own up to its shortcomings, underscoring the stakes of a safety incident that’s renewing questions over the quality of its manufacturing. “We’re going to approach this — No. 1 — acknowledging our mistake,” Calhoun told Boeing employees during a companywide meeting at its ...

BLOOMBERG Alaska Airlines will “initiate and enhance” its own quality control checks on the production of its planes, in addition to Federal Aviation Administration’s (FAA) review and oversight of the process after an accident on a Boeing Co 737 Max 9 jet this month. The carrier said it met with Boeing’s chief executive officer and leadership team in recent days ...

BLOOMBERG The grounding of Boeing Co’s 737 Max 9 quickly gathered pace, with carriers from the US to Panama to Turkey pulling the model from service for inspections after a fuselage section on a brand-new Alaska Airlines jet blew out during flight. After Alaska Air kept its fleet of 65 737 Max 9s on the ground following the incident on ...